Satchell to retire from Friends Provident

Satchell will retire from the company in the first half of next year. The Board of directors has appointed Philip Moore, currently the group finance director, to succeed him. Sir Adrian Montague, chairman at Friends Provident says Satchell’s decision to retire at 55 was muted as long ago as when the company demutualised. Montague adds: “The board has prepared for this succession with great care. Since last Autumn, the Nomination Committee has met regularly to consider the way forward and, as a result, I am very glad to announce that it is the board's intention, when Keith's retirement tak...